US and China Extend Tariff Truce for 90 Days
TL;DR
President Trump has extended the US-China trade truce until Nov. 9, maintaining tariffs on Chinese imports at 30%, while exempting gold from tariffs. The extension aims to give both sides more time to negotiate unresolved issues, including agricultural purchases and technology access. Meanwhile, Nvidia and AMD will pay the US government 15% of revenues from certain chip sales to China, amid ongoing trade tensions. The tariffs are increasingly impacting US consumers and businesses, with costs expected to rise.
- China Trade Deal Deadline Extended to Nov. 9 Barron's
- US and China reportedly agree to critical extension, preventing tariff surge on the world’s two largest economies CNN
- Trump announces another 90-day pause on China tariffs The Guardian
- Trump signs order extending China tariff truce by 90 days, White House says Reuters
- Trump extends China tariff deadline by 90 days CNBC
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